Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary Sells 3,500 Shares

Rubrik, Inc. (NYSE:RBRK) CFO Kiran Kumar Choudary sold 3,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $88.25, for a total transaction of $308,875.00. Following the sale, the chief financial officer now owns 524,165 shares of the company’s stock, valued at $46,257,561.25. This trade represents a 0.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Kiran Kumar Choudary also recently made the following trade(s):

• On Thursday, June 5th, Kiran Kumar Choudary sold 30,000 shares of Rubrik stock. The stock was sold at an average price of $100.24, for a total transaction of $3,007,200.00.
• On Wednesday, May 28th, Kiran Kumar Choudary sold 3,500 shares of Rubrik stock. The stock was sold at an average price of $94.86, for a total transaction of $332,010.00.
• On Thursday, May 22nd, Kiran Kumar Choudary sold 10,000 shares of Rubrik stock. The stock was sold at an average price of $90.07, for a total transaction of $900,700.00.
• On Wednesday, May 14th, Kiran Kumar Choudary sold 3,500 shares of Rubrik stock. The stock was sold at an average price of $83.81, for a total transaction of $293,335.00.
• On Tuesday, May 13th, Kiran Kumar Choudary sold 20,000 shares of Rubrik stock. The stock was sold at an average price of $80.04, for a total transaction of $1,600,800.00.
• On Monday, May 5th, Kiran Kumar Choudary sold 5,000 shares of Rubrik stock. The stock was sold at an average price of $75.00, for a total transaction of $375,000.00.
• On Wednesday, April 30th, Kiran Kumar Choudary sold 23,500 shares of Rubrik stock. The shares were sold at an average price of $69.82, for a total transaction of $1,640,770.00.
• On Wednesday, April 16th, Kiran Kumar Choudary sold 2,000 shares of Rubrik stock. The shares were sold at an average price of $62.03, for a total transaction of $124,060.00.
• On Friday, March 21st, Kiran Kumar Choudary sold 87,971 shares of Rubrik stock. The shares were sold at an average price of $70.04, for a total transaction of $6,161,488.84.

Rubrik Stock Up 1.6%

Shares of Rubrik stock opened at $90.12 on Friday. The firm has a market capitalization of $17.10 billion, a P/E ratio of -31.85 and a beta of 0.87. Rubrik, Inc. has a 52 week low of $28.34 and a 52 week high of $103.00. The firm’s 50 day moving average is $78.75 and its two-hundred day moving average is $70.64.

Rubrik (NYSE:RBRK) last announced its quarterly earnings results on Thursday, June 5th. The company reported ($0.15) EPS for the quarter, beating the consensus estimate of ($0.32) by $0.17. The company had revenue of $278.48 million during the quarter, compared to analysts’ expectations of $260.39 million. The business’s revenue for the quarter was up 48.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($1.58) earnings per share. As a group, research analysts expect that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Rubrik

Several hedge funds have recently modified their holdings of the stock. Rhumbline Advisers acquired a new stake in Rubrik in the fourth quarter valued at $64,000. State of New Jersey Common Pension Fund D acquired a new stake in Rubrik in the fourth quarter valued at $3,103,000. Global Retirement Partners LLC lifted its holdings in Rubrik by 8,333.3% in the fourth quarter. Global Retirement Partners LLC now owns 506 shares of the company’s stock valued at $33,000 after acquiring an additional 500 shares during the period. Financial Perspectives Inc acquired a new stake in Rubrik in the fourth quarter valued at $732,000. Finally, Legacy Capital Group California Inc. lifted its holdings in Rubrik by 140.7% in the fourth quarter. Legacy Capital Group California Inc. now owns 181,117 shares of the company’s stock valued at $11,838,000 after acquiring an additional 105,877 shares during the period. 49.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

RBRK has been the topic of a number of analyst reports. Robert W. Baird boosted their price objective on shares of Rubrik from $95.00 to $110.00 and gave the company an “outperform” rating in a research report on Friday, June 6th. CIBC boosted their price objective on shares of Rubrik from $110.00 to $125.00 and gave the company an “outperformer” rating in a research report on Monday, June 9th. Wedbush boosted their price objective on shares of Rubrik from $80.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday. Roth Capital boosted their price objective on shares of Rubrik from $97.00 to $107.00 and gave the company a “buy” rating in a research report on Friday, June 6th. Finally, UBS Group reiterated a “buy” rating on shares of Rubrik in a research report on Friday, June 6th. Three investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $100.38.

Rubrik Company Profile

Rubrik, Inc provides data security solutions to individuals and businesses worldwide. The company offers enterprise data protection, unstructured data protection, cloud data protection, and SaaS data protection solutions; data threat analytics; data security posture; and cyber recovery solutions. It serves financial, retail, trade, transportation, energy, industrial, healthcare and life science, education, technology, media, communications, and public sectors.